Russia's energy minister Novak: Oil demand bottomed out in April, we saw signs of recovery in May - Bloomberg

Market news

17 June 2020

Russia's energy minister Novak: Oil demand bottomed out in April, we saw signs of recovery in May - Bloomberg

Producers' compliance with OPEC+ oil output-cut deal currently stands at 89%
Russia's compliance with OPEC+ deal is almost 100%
Russia plans to fulfill the deal in full
Optimistic on global oil demand recovery
We need to monitor how the situation is changing in the oil market

U.S.: Crude Oil Inventories, June 1.215 (forecast 0.5)

Silver to outperform gold prices on the long-term - ABN Amro

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